This Is How the "American System" Was Corrupted and Destroyed

This Is How the "American System" Was Corrupted and Destroyed: "By 1990, the total debt-to-GDP ratio in the U.S. had grown substantially to 2.6 times GDP. It reached 3.6 times by 2007 – even before the financial crisis. Today, total debt in the United States stands at $56 trillion – 3.8 times GDP.

That's $180,000 in debt for every man, woman, and child in the United States. That's nearly $700,000 in debt per family in the United States."

The interest on these debts is more than $3.5 trillion per year. To give you some idea how much money we're spending on interest alone... just consider the total budget of the U.S. federal government is also $3.5 trillion. Again, $3.5 trillion just covers the interest!

 

These debts are completely unaffordable. How many families in America do you know that can afford to finance and repay $700,000 in debt? Not many... Certainly not the "average" family...."